- Far East Asia origin $880/ton
- Middle East origin $850-940/ton
- Southeast Asia origin $870-930/ton
Comments by market players on HDPE Film as follows:
“This week, we received offers for import HDPE Film cargoes of Saudi origin at $850/ton on LC at sight, CIF Indonesia Main Port basis. As compared to the offers available two weeks ago, the current level increased by $100/ton. We have no choice but to conclude deals at the initial offer levels since the producer is not providing room for negotiation. The shipment will be directly from the Middle East. From Southeast Asia, we also received offers for HDPE Film of Thailand origin at $900/ton on the same payment and delivery term, $80/ton higher compared to two months ago,” an Indonesian converter revealed to SSESSMENTS.COM.
Also from Indonesia, a trader informed, “July shipment offers for HDPE Film from a Saudi producer surfaced with a notable increment of $100/ton from June. Currently available at $850/ton on LC at sight, CIF Indonesia Main Port basis.”
A Thai PE producer contacted by SSESSMENTS.COM on June 23, stated, “This week, we attempt to increase the prices for import PE cargoes to Indonesia market. Particularly for HDPE Film, we raised the offers by $10/ton on a weekly comparison. In response, buyers remain cold and no deals concluded so far due to the slow demand in the Indonesia market. The estimated time of arrival for HDPE Film cargoes is in early August. At the moment, we only have 100 tons of PE cargoes ready available in Jakarta’s warehouse.”
A Vietnamese trader reported to SSESSMENTS.COM, “This week, the latest offers for HDPE Film from the leading Saudi polyolefins producer went up by $40/ton compared to a week earlier. Meanwhile, July shipment offers from another Saudi producer surged by $70/ton from June. Such an increase is not suitable with market sentiment in the domestic market that remains on a bearish-tone; as such, most buyers prefer sourcing local materials at the moment.”
“From a South Korean supplier, we received offers for import HDPE Film at $100/ton higher than last month’s level. What a steep increment and we doubt buyers will be able to accept the prices as high as $880/ton on LC at sight, CIF Vietnam Main Port basis. However, we believe that the supplier will revise down their offers by mid July,” a Vietnamese trader stated to SSESSMENTS.COM.
“So far, we have yet to receive any fresh offers from foreign producers; likely, we will obtain new offers by late today or tomorrow. We believe that some Middle Eastern and US producers still have supply issues; which led to limited allocation. Hence, they are unable to meet our request,” a Malaysian converter reported on June 24.
“On June 25, we received July shipment offers from one of the Middle Eastern polyolefins producers. As compared to last month’s level, offers for HDPE Film skyrocketed between $130-140/ton, available at $880/ton on LC at sight, CIF Thailand Main Port basis. We have no idea on how much we should submit bids since the prices are way too high. We noted that the remarkable adjustment was made following the inventory issues on the producer’s end, yet no further information regarding the issues,” a source in Thailand told SSESSMENTS.COM.
On June 26, a source of a Thai polyolefins producer contacted by SSESSMENTS.COM said, “The current offers for HDPE Film cargoes to Indonesia adjusted higher by $90/ton on a monthly comparison, stand at $920/ton on LC at sight, CIF Main Port basis. As demand in Indonesia's domestic market is not strong and local prices are quite competitive, the offers gained cold response from buyers.”
“This week, we received offers for import HDPE Film of Philippines origin at $900/ton on LC at sight, CIF Vietnam Main Port basis. As compared to last week’s level, the offers were generally increased between $40-50/ton,” a Vietnamese converter commented.
Transactions for import HDPE Film between June 22 to June 26 on LC at sight, CIF Main Port basis
| Origin | Transaction Type | Offers (USD/ton) | Delivery Country |
|---|
| Far East Asia | Offer Received | 880 | Vietnam |
| Indian Subcontinent | Offer Received | 880 | Vietnam |
| Middle East | Offer Given | 850 | Indonesia |
| Middle East | Offer Received | 850 | Indonesia |
| Middle East | Purchased | 850 | Indonesia |
| Middle East | Offer Received | 880 | Thailand |
| Middle East | Offer Given | 850 | Vietnam |
| Middle East | Offer Received | 870-935 | Vietnam |
| Middle East | Sold | 830 | Vietnam |
| Southeast Asia | Offer Given* | 870-920 | Indonesia |
| Southeast Asia | Offer Received | 900-930 | Indonesia |
| Southeast Asia | Offer Given | 900-910 | Vietnam |
| Southeast Asia | Offer Received | 880 | Vietnam |
| Southeast Asia | Sold | 910 | Vietnam |
Description: *July-August shipment
Tags: Asia Pacific,English,News,PE,SEA
Published on June 29, 2020 12:52 PM (GMT+8)
Last Updated on June 29, 2020 12:52 PM (GMT+8)
